Question

Discuss the implications of corruption on the development and growth of a country. How can Russia’s current political system best be described? What conclusions can you draw regarding Russia’s economic prospects?

Answer 1

The entire ociety is affected as a result of the Inefficient allocation of Resources. the presence of a shadow economy, and low quality education and health care. corruption thus makes these societies worse off and lowers the living Stand- ands off most of their populations. corruption effects on people: - In a system with corruption, there is no qua- lity of service. To demand quality one might need to pay for it. These may be corrupted officer corruption in the Judiciary ystem, leads to Impropen Justice M

Effect of corruption on Economy :- @ A decrease in foreign Investment 6 Delay in growth © Lack of development @ chances of unemployment The government of Russia exercises ex- ecutive power in the Russian Federat ion. According to the 1991 amendment to 1978 Russian constitution, the pre- sident of Russia was the head the council of minister of Russia. The prime minister man ently mikh atl. mishuskin, is appointed by the presid. ent and confirmed by the states Eliza. The constitution of the Russian

Federation establishes the principle of Separation of powers. Antiche 10 of the constitution provides that sta- te power in Russia As Exercised on the Basis of separation in to legislative Executive and Judicial Branches, Which are Independ end of each other Russian Economy is $4.2 brillion as measured by its 2018 gross domes- tic product. The Economy of Russia is an upper-middle income mixed and transition Economy with stake owner ship in strategic areas of Economy By 2016, the Russian Economy Rebounded with 0.3% GOP growth and was offici- ally out of the Recession . In jonu. any 2017, Russian had foreign cuarency Researes of around $391 billion , an Inflation rate of 5.0% and Interest rate of 100%.